Feb 10, 2013 6:00am PST
of trying to protect mr. menendez, a new jersey democrat, the senate majority leader harry reid needs to remove his gavel pending credible resolution by the senate ethics committee of the swirling accusations of misconduct. is senator menendez in -- in trouble or at least in danger of temporarily losing? he just became the chair of this committee? >> i had a chance to ask harry reid about this at a news conference a couple of weeks ago, and senator reid is giving no indication whatsoever that he is going to take the gavel away, and senator menendez is right about some of the allegations, some of the others that popped up in the conservative news side, the daily caller, no evidence to correspond roborate. the political -- >> almost two years late. >> and did not put them on his disclosure form is a problem for him. >> two weeks ago is one thing. now -- i mean "the new york times" calling for a democrat to remove a democrat from a committee is fairly noteworthy. >> let's say new jersey doesn't exactly have the best record when it comes to ethics in government. what "the new york times"
Feb 17, 2013 6:00am PST
it has to happen. senator reid, harry reid, proposed legislation that would dover the sequestration to the next year. it would be paid for in a balanced way by additional revenue as well as additional -- >> tax hikes. >> indeed. >> -- cuts in spending and that's the way to proceed in avoiding the blunt across-the-board cuts and getting us chance to get back into the regular order, proposing a budget, doing an appropriations bill. >> and we should point out, it's been the democrats who have been in charge of the senate who haven't come up with a budget for the last four years so that's why we haven't this h a regular one. >> he had the budget control act of 2011 which set the caps, which was budgetary and not a resolution between the two houses. we're working on a budget right now and need to get that done. we need time. the sequestration will preempt us from getting a budget done and other factors. >> it's kind of always that you guys need more time and can we put it off until next year. to me it's like the fiscal cliff and now it involves the military and these men saying we won't
Feb 22, 2013 1:00pm PST
york times." he begins with these words. on july 26, 2011, jack lew went to harry read's budget for a session. according to bob woodward's book, they came up with a trigger idea to force a budget deal. what's the idea, reid asked? sequestration, lew said. reid folded himself over with his head between his knees as if he was going to throw up. here's the question. if this is such a horrible idea, sequestration or these forced budget cuts, why did the white house come up with this idea to begin with? >> well, as you remember, wolf, in the summer of 2011, we were facing a situation where the nation was about to default for the first time in its history because republicans were refusing to agree to a balanced approach to a deficit reduction. both sides were looking for a way to craft a deal that would avoid default and a trigger mechanism. sequestration, which is a word that most americans have never heard before, is simply a way of crafting policy that was so onerous that would cause cuts that nobody liked, republicans or democrats, and because of that they would compel the prospec